Flputnam Investment Management Co. Makes New $9.55 Million Investment in Air Products and Chemicals, Inc. $APD

Key Points

• Flputnam Investment Management initiated a $9.55 million position in Air Products and Chemicals during the second quarter, purchasing 32,592 shares. Institutional investors and hedge funds collectively own 81.66% of the company.
• Analysts maintain a generally positive outlook, with one Strong Buy, ten Buy, and six Hold ratings. The stock has a “Moderate Buy” consensus rating and an average price target of $332.76.
• Air Products and Chemicals exceeded quarterly earnings expectations with EPS of $3.47 versus the $3.34 consensus, while revenue rose 4.6% year over year. The company also declared a quarterly dividend of $1.81 per share, equivalent to a 2.3% annualized yield.

Flputnam Investment Management Co. purchased a new stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 32,592 shares of the basic materials company's stock, valued at approximately $9,555,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lloyd Advisory Services LLC. acquired a new stake in Air Products and Chemicals in the 4th quarter valued at approximately $25,000. Evolution Wealth Management Inc. bought a new position in shares of Air Products and Chemicals in the first quarter worth $25,000. Meeder Asset Management Inc. acquired a new position in shares of Air Products and Chemicals during the fourth quarter valued at $25,000. Mcguire Capital Advisors Inc. acquired a new stake in Air Products and Chemicals in the fourth quarter worth about $25,000. Finally, Motiv8 Investments LLC bought a new position in Air Products and Chemicals in the 4th quarter valued at about $26,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on APD. JPMorgan Chase & Co. boosted their price target on shares of Air Products and Chemicals from $310.00 to $330.00 and gave the stock an "overweight" rating in a research report on Friday, May 1st. Wells Fargo & Company raised their price objective on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the company an "overweight" rating in a research note on Friday, July 31st. Royal Bank Of Canada boosted their target price on Air Products and Chemicals from $358.00 to $360.00 and gave the stock an "outperform" rating in a report on Thursday, August 6th. BMO Capital Markets upgraded Air Products and Chemicals from a "market perform" rating to an "outperform" rating and set a $360.00 target price for the company in a research report on Friday, May 1st. Finally, Morgan Stanley set a $320.00 price target on Air Products and Chemicals in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Air Products and Chemicals has an average rating of "Moderate Buy" and a consensus target price of $332.76.

Air Products and Chemicals Stock Performance

Shares of APD opened at $308.86 on Monday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 0.92. The firm's 50 day moving average is $293.47 and its 200-day moving average is $289.49. Air Products and Chemicals, Inc. has a 12-month low of $229.11 and a 12-month high of $314.87. The stock has a market capitalization of $68.78 billion, a P/E ratio of -1,403.92, a P/E/G ratio of 2.68 and a beta of 0.73.

Air Products and Chemicals (NYSE:APD - Get Free Report) last released its earnings results on Thursday, July 30th. The basic materials company reported $3.47 EPS for the quarter, beating the consensus estimate of $3.34 by $0.13. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.20 billion. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. The business's quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business earned $3.09 earnings per share. Air Products and Chemicals has set its FY 2026 guidance at 13.390-13.490 EPS and its Q4 2026 guidance at 3.550-3.650 EPS. Equities research analysts anticipate that Air Products and Chemicals, Inc. will post 13.45 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Thursday, October 1st will be paid a dividend of $1.81 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $7.24 annualized dividend and a dividend yield of 2.3%. Air Products and Chemicals's dividend payout ratio (DPR) is currently -3,290.91%.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc is a global supplier of industrial gases and related equipment and services, headquartered in Allentown, Pennsylvania. The company produces and delivers atmospheric gases such as oxygen, nitrogen and argon, as well as specialty and process gases used across a wide range of industrial applications. Air Products designs, builds and operates gas production facilities, merchant distribution networks and on-site gas systems for customers that require reliable, high-purity gases and integrated supply solutions.

The company's product and service portfolio includes packaged and bulk gas supply, pipeline distribution, on-site generation, gas handling and storage equipment, and engineered systems for gas liquefaction and purification.

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